NAMC Food Price Monitor – November 2020

The FAO Food Price Index (FFPI) in nominal terms, averaged 100.9 points in October 2020, up 3.0 points (3.1%) from September and 5.7 points (6.0%) higher than its value a year ago. The October value, the highest since January 2020, represented the fifth consecutive monthly increase. Much firmer prices of sugar, dairy, cereals and vegetable oils were behind the latest rise in the FFPI, while the meat sub-index fell slightly for the second consecutive month.